Townsquare Capital LLC Sells 10,816 Shares of FS Credit Opportunities Corp. (NYSE:FSCO)

Townsquare Capital LLC cut its holdings in FS Credit Opportunities Corp. (NYSE:FSCO) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 131,095 shares of the company’s stock after selling 10,816 shares during the period. Townsquare Capital LLC’s holdings in FS Credit Opportunities were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FSCO. Truvestments Capital LLC purchased a new position in FS Credit Opportunities in the third quarter worth $52,000. Nwam LLC purchased a new position in shares of FS Credit Opportunities in the 3rd quarter worth about $66,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in FS Credit Opportunities during the second quarter valued at about $73,000. SYM FINANCIAL Corp purchased a new stake in FS Credit Opportunities during the second quarter worth about $76,000. Finally, Compass Ion Advisors LLC bought a new stake in FS Credit Opportunities in the third quarter worth about $81,000. 36.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FS Credit Opportunities news, CEO Michael C. Forman sold 102,860 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total transaction of $628,474.60. Following the completion of the transaction, the chief executive officer now owns 13,437 shares in the company, valued at $82,100.07. This trade represents a 88.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.

FS Credit Opportunities Trading Down 0.6 %

FSCO opened at $6.76 on Tuesday. FS Credit Opportunities Corp. has a twelve month low of $5.47 and a twelve month high of $6.81. The company’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $6.41.

FS Credit Opportunities Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 10.65%. The ex-dividend date was Thursday, November 21st.

FS Credit Opportunities Company Profile

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.